ZoomInfo Technologies Inc. (NASDAQ:ZI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of ZoomInfo Technologies Inc. (NASDAQ:ZI) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 182,649 shares of the company’s stock after selling 15,170 shares during the quarter. Mutual of America Capital Management LLC’s holdings in ZoomInfo Technologies were worth $3,377,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in ZoomInfo Technologies by 792.2% during the 4th quarter. International Assets Investment Management LLC now owns 3,310 shares of the company’s stock worth $61,000 after acquiring an additional 2,939 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of ZoomInfo Technologies by 1.8% in the fourth quarter. New York State Teachers Retirement System now owns 248,164 shares of the company’s stock valued at $4,589,000 after buying an additional 4,479 shares during the period. Sowell Financial Services LLC lifted its holdings in shares of ZoomInfo Technologies by 153.5% in the fourth quarter. Sowell Financial Services LLC now owns 32,691 shares of the company’s stock valued at $604,000 after buying an additional 19,797 shares during the period. Arizona State Retirement System lifted its holdings in shares of ZoomInfo Technologies by 10.1% in the fourth quarter. Arizona State Retirement System now owns 78,560 shares of the company’s stock valued at $1,453,000 after buying an additional 7,213 shares during the period. Finally, Oak Thistle LLC acquired a new stake in shares of ZoomInfo Technologies in the fourth quarter valued at $484,000. Institutional investors and hedge funds own 95.47% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ZI. DA Davidson upped their price objective on ZoomInfo Technologies from $25.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, February 13th. Jefferies Financial Group began coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They set a “buy” rating and a $20.00 target price on the stock. Citigroup lowered ZoomInfo Technologies from a “neutral” rating to a “sell” rating and cut their target price for the stock from $20.00 to $13.00 in a research report on Thursday, February 8th. Wells Fargo & Company boosted their target price on ZoomInfo Technologies from $24.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Finally, Morgan Stanley cut their target price on ZoomInfo Technologies from $20.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.43.

ZoomInfo Technologies Stock Performance

ZI opened at $15.50 on Thursday. The company has a market cap of $5.89 billion, a PE ratio of 57.41, a price-to-earnings-growth ratio of 3.93 and a beta of 1.16. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $15.98. ZoomInfo Technologies Inc. has a 52-week low of $12.36 and a 52-week high of $30.16. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 1.35.

ZoomInfo Technologies (NASDAQ:ZI) last released its quarterly earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.01. The company had revenue of $316.40 million during the quarter, compared to the consensus estimate of $310.62 million. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.13 EPS. As a group, equities research analysts forecast that ZoomInfo Technologies Inc. will post 0.64 earnings per share for the current fiscal year.

ZoomInfo Technologies Company Profile

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.